Singapore debt listings Wednesday: Indofood, Ex-Im Bank of Korea, Muang Thai Life, Korea Housing Finance

U.S. one-dollar currency notes; taken September 2018.U.S. one dollar bills.

These are entities which announced debt listing confirmations in Singapore on Wednesday, 27 October 2021: PT Indofood CBP Sukses Makmur, Muang Thai Life Assurance PCL, Korea Housing Finance Corp., The Export-Import Bank of Korea, and the Bank of Nova Scotia.

PT Indofood CBP Sukses Makmur

PT Indofood CBP Sukses Makmur said Wednesday its US$400 million 4.805 percent senior bonds due 2052 (ISIN code: XS2399788277) would be listed on SGX’s bond market on Thursday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the bonds are Deutsche Bank’s Singapore branch, UBS’ Singapore branch, BNI Securities, DBS Bank, Mandiri Securities, Mizuho Securities (Singapore), Natixis Singapore branch, OCBC and SMBC Nikko Securities (Hong Kong), the filing said.

Indonesia-based PT Indofood CBP Sukses Makmur produces consumer food products including noodles under the Pop Mie and Sarimi Gelas brands, UHT milk, snack foods, beverages and seasonings. The agribusiness division also cultivates palm oil and produces cooking oils, rubber and sugar.

PT Indofood CBP Sukses Makmur

PT Indofood CBP Sukses Makmur said Wednesday its US$600 million 3.541 percent senior bonds due 2032 (ISIN code: XS2399787899) would be listed on SGX’s bond market on Thursday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the bonds are Deutsche Bank’s Singapore branch, UBS’ Singapore branch, BNI Securities, DBS Bank, Mandiri Securities, Mizuho Securities (Singapore), Natixis Singapore branch, OCBC and SMBC Nikko Securities (Hong Kong), the filing said.

Muang Thai Life Assurance

Muang Thai Life Assurance said Wednesday its US$400 million 3.552 percent fixed-rate reset subordinated notes due 2037 (ISIN code: XS2396503505) would be listed on SGX’s bond market on Thursday.

The notes, which will trade in U.S. dollars, will be in denomination of US$200,000, which is also the minimum board lot size, the company said in a filing to SGX.

The lead managers and bookrunners of the bonds are Merrill Lynch (Singapore) and UBS’ Singapore branch, the company said.

Muang Thai Life Assurance is a Thai insurance company offering life insurance, health insurance and other related products.

Korea Housing Finance Corp.

Korea Housing Finance Corp. said Wednesday its 550 million euro 0.258 percent social covered bonds due 2028 (ISIN code: XS2388378122 and XS2388377827) would be listed on SGX’s bond market on Thursday.

The bonds, which will trade in euro, will be in denomination of 100,000 euro, with a minimum board lot size of 200,000 euro, the entity said in a filing to SGX.

The lead managers and bookrunners of the notes are BNP Paribas, ING Bank, Societe Generale, Standard Chartered Bank, HSBC and KB Securities, the filing said.

The Korea Housing Finance is a South Korean state-run enterprise facilitating the supply of housing funds for low- and middle-income families as well as securitising mortgage-backed claims and other instruments.

Export-Import Bank of Korea

The Export-Import Bank of Korea said Wednesday its US$50 million callable zero-coupon notes due 2015 (ISIN code: XS2402005628) would be listed on SGX’s bond market on Thursday.

The notes, which will trade in U.S. dollars, will be in denomination of US$1 million, with a minimum board lot size of US$200,000 with a minimum of five lots, the bank said in a filing to SGX.

The lead manager and bookrunner of the notes is Daiwa Capital Markets Europe, the filing said.

The Export-Import Bank of Korea provides financial support, including credit, to South Korean companies for export and import deals, overseas investments and developing natural resources overseas.

Bank of Nova Scotia

Bank of Nova Scotia said Wednesday its US$140 million callable zero coupon notes due 2051 (ISIN code: XS2401676031) would be listed on SGX’s bond market on Thursday.

The notes, which will trade in U.S. dollars, will be in denomination of US$1 million, with a minimum board lot size of US$500,000 with a minimum of two lots, the bank said in a filing to SGX.

The lead manager and bookrunner of the notes is Bank of Nova Scotia’s Hong Kong branch, the filing said.

The Bank of Nova Scotia, which operates as Scotiabank, is one of Canada’s Big Five banks, offering personal, commercial, investment and private banking. Outside of Canada, the bank has operations in Latin America and Asia.

 

Follow Shenton Wire on Telegram to receive alerts on your phone